Broadcom(AVGO) see’s “broad based slow down”

Discussion in 'Stocks' started by NY_HOOD, Jun 13, 2019.

  1. NY_HOOD

    NY_HOOD

    Broadcom just lowered financial guidence and says they are seeing a broad based slow down in chip demand. They also cut capex spending.
    This will hurt the chip makers tomorrow. Since AVGO are so big, it may hurt the entire market since chips/ semi conductors go into everything.
    Most analysts were saying AVGO will more than likely raise guidence. This will be a surprise.